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U.S. economy shrinks at 6.2% pace in Q4 of 2008
Last Updated(Beijing Time):2009-02-28 09:58
The U.S. economy shrank at an annual rate of 6.2 percent in the final quarter of last year, much steeper than the 3.8 percent drop originally estimated and the 0.5 percent decline in the third quarter, the Commerce Department reported Friday.
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